Archive · 28 Jan 2026
Shadowfax Technologies IPO Listing at Discount
Shadowfax Technologies is a company that helps deliver packages.
They recently sold some of their shares to the public in an IPO.
The IPO was subscribed 2.72 times, meaning more people wanted to buy shares than were available.
The shares are expected to start trading on January 28 at a price of ₹120, which is a bit less than the IPO price of ₹124.
This means the shares might start trading at a discount.
The company plans to use the money raised to pay for leases, expand their network, and do some marketing.
Some big investors, like Flipkart, are selling their shares in this IPO.
Shadowfax Technologies IPO is expected to list at a discount of about 3.23% on January 28.
The IPO was subscribed 2.72 times, with strong interest from QIBs (3.81 times) and moderate interest from retail (2.31 times) and NII (84%) investors.
The grey market premium (GMP) is ₹-4, indicating a negative bias and a likely discounted debut.
The IPO aimed to raise ₹1,907.27 crore, with ₹1,000 crore from a fresh issue and ₹907.27 crore from an offer for sale (OFS).
Funds raised will be used for lease payments, capacity expansion, branding, marketing, and potential acquisitions.
- Who
- Shadowfax Technologies, a logistics company
- What
- IPO listing at a discount
- When
- Wednesday, January 28
- Where
- Stock market
- Why
- To raise funds for lease payments, capacity expansion, branding, and potential acquisitions
- IPO Listing Date
- Wednesday, January 28
- IPO Price Band
- ₹118–₹124 per share
- Total Funds Raised
- ₹1,907.27 crore
- Fresh Issue
- ₹1,000 crore
- Offer for Sale (OFS)
- ₹907.27 crore
- Estimated Listing Price
- ₹120 per share
- Grey Market Premium (GMP)
- ₹-4
- Subscription Rate
- 2.72 times
Sources
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